§ 32. Mr. DORANasked the Minister of Transport how much money is held by corporation electricity undertakings from 5s. deposits from consumers; and what benefit do ratepayers get from the interest on such deposits?
§ Mr. HORE-BELISHAThe official statistics relating to electricity undertakings do not call for the amount of deposits of the kind referred to by my hon. Friend. Such deposits when required by authorised undertakers as security for payments due to them and retained for more than six months are entitled to interest, usually at the rate of 4 per cent., such interest being payable to the consumers out of the revenues of the electricity undertaking.